MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Energy Prices Remain A Major Contributor of Higher Producer Prices

TURKEY
  • The Turkish Treasury and Finance Minister, Nureddin Nebati, has said that central bank reserve data set for release today will show an increase in foreign flows. Speaking to the A Para news channel, he said “direct investments are coming” but that “it does not matter where flows are coming from”, in response to a question on whether inflows are from Russia. This comes after announcement last week of Russian state-owned company Rosatom Corp. financing a $20b nuclear power plant in Turkey’s Mediterranean coast.
  • Dunya report that Turkey has become a “transit hub” for Russia following Western embargoes after the invasion of Ukraine. Speaking to WORLD, representatives of the logistics industry state have said that so-called “parallel imports” are mainly made through Russian investors who have established a company in Turkey. Russian businesspeople buy real estate in Turkey, granting them citizenship and allowing them to send imported products from the EU and the far east to Russia via its company in Turkey.
  • In its assessment of July price developments, the central bank this morning cited rising energy prices as a main contributor of higher producer prices. Elsewhere, the real effective exchange rate for July and weekly money and banking statistics are set for release at 12:30pm BST whilst President Erdogan will chair its Supreme Military Council meeting at 2pm BST.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.